The Mortgage Bankers Association (MBA) announced that Bill Cosgrove was nominated to be its vice chair-elect.
Read More »Survey: Delinquency Rates Up, Foreclosure Starts Flat in Q2
The latest National Delinquency Survey from the Mortgage Bankers Association (MBA) showed that delinquencies increased in the second quarter of 2012, a shift anticipated by the association. The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 7.58 percent as of the end of Q2, an increase from 7.40 in Q1. The second quarter's increased rate was still down from 8.44 percent at the same time in 2011.
Read More »Mortgage Rates Lifted by Encouraging Employment News
Strong employment reports boosted mortgage rates back up for the second week in a row, Freddie Mac reported Thursday. The GSE's Primary Mortgage Market Survey show the 30-year fixed averaging 3.59 percent (0.6 point) for the week ending August 9, an increase from 3.55 percent the previous week. The 15-year fixed also posted gains, averaging 2.84 percent (0.6 point) for the week, up from 2.83 percent a week ago.
Read More »HUD, Treasury Host Event for Troubled Homeowners in Maryland
The Department of the Treasury and HUD announced Wednesday that they are hosting a free event for struggling homeowners in Maryland. The event will be the Obama administration's 75th occasion designed to bring together the nation's largest mortgage servicers, local HUD-approved housing counseling agencies, non-profits, and government partners to assist homeowners struggling to avoid foreclosure.
Read More »MGIC Releases July Operational Summary
Mortgage Guaranty Insurance Corporation (MGIC) issued Wednesday its Operational Summary for July 2012 for its primary mortgage insurance business.
Read More »High-Priced Transactions Drive Seattle Home Sales in June
June marked the 12th straight month of year-over-year home sales increases in Seattle, according to a report from DataQuick. Although sales in some of the lower price ranges declined, increased activity in higher ranges made up for those drops. The median sale price rose year-over-year for the third consecutive month-hitting a nearly two-year high-as the market shifted toward mid- to high-end transactions and foreclosure resales fell.
Read More »Titanium Holdings Announces New CFO
Titanium Holdings, Inc., announced the hiring of Richard W. Sander Jr. as the company's CFO.
Read More »Genworth Financial Adds Two to USMI Leadership
Genworth Financial, Inc., announced changes to the company's personnel designed to strengthen the leadership of its U.S. Mortgage Insurance unit.
Read More »FHFA: HARP Accounts for Record 33% of June Refinances
HARP-assisted refinances drove record refinance activity in the month of June, FHFA revealed Tuesday. The agency released its Refinance Report for June 2012, showing that refinance volume remained strong in June as mortgage rates fell to all-time lows. An estimated 33 percent of refinance volume was done through HARP, the highest percentage since HARP's inception. The report revealed that at the end of June, Freddie Mac and Fannie Mae had refinanced 422,969 loans through HARP in 2012, more than the estimated total of 400,000 for all of 2011. This brings the total number of HARP refinances by the GSEs to 1.4 million.
Read More »LenderLive Approved as Fannie Mae, Freddie Mac Servicer
LenderLive Network Inc. announced Tuesday that it has received approval as a Fannie Mae and Freddie Mac servicer, making it eligible to service loans for the two GSEs.
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